News archive from 13 October 2013

Obama summons senate Democrats to White House as Congress fails to reach fiscal deal

Obama summons senate Democrats to White House as Congress fails to reach fiscal deal

US president Barack Obama met with senate Democrats in the Oval Office, as he and Congress struggled to formulate a plan that would re-open government and extend US borrowing authority.Negotiations to end the US fiscal crisis, that has gripped...

ABC News, 10:11 in Business
 
US to reopen Statue of Liberty, Grand Canyon after shutdown funding deals brokered with states

US to reopen Statue of Liberty, Grand Canyon after shutdown funding deals brokered with states

Some US national parks and monuments, including the Statue of Liberty and the Grand Canyon, are to reopen despite the federal shutdown after states agreed to fund them temporarily.Mount Rushmore, Rocky Mountain National Park and eight federal sites in...

ABC News, 10:11 in Business
 
Infrastructure firm Cardno eyes US debt ceiling deadline

Infrastructure firm Cardno eyes US debt ceiling deadline

Global infrastructure business Cardno is one of a number of Australian-based businesses carefully watching events in Washington, as the threat of a US debt default looms next week.Cardno specialises in the development and improvement of physical and...

ABC News, 10:58 in Business
 
Ireland set to exit international bailout program in December without European Union backstop

Ireland set to exit international bailout program in December without European Union backstop

Ireland will become the first eurozone country to exit an international bailout in mid-December and may do so without a financing backstop from its European partners, the ruling party announced at a triumphant rally on Saturday.Irish prime minister...

ABC News, 11:35 in Business
 

No progress to end US government shutdown after talks between Barack Obama and House Republicans

WITH less than week to go until the federal government faces an historic default, talks between the White House and House of Representatives Republicans broke down Saturday, leaving the fate of a deal in the Senate's hands. The future of any...

 

Westpac emerges as key funder for pay-day loans

Westpac recently brokered a two-year facility to provide the pay-day lender with $60 million in funding via a "securitisation warehouse facility" secured against Cash Converters' Australian-based loans book. The deal is structured so that...

 

Westpac emerges as key funder for pay-day loans

Westpac recently brokered a two-year facility to provide the pay-day lender with $60 million in funding via a "securitisation warehouse facility" secured against Cash Converters' Australian-based loans book. The deal is structured so that...

 

Westpac emerges as key funder for pay-day loans

Westpac recently brokered a two-year facility to provide the pay-day lender with $60 million in funding via a "securitisation warehouse facility" secured against Cash Converters' Australian-based loans book. The deal is structured so that...

 

Auction clearance rates rebound

The three-bedroom house fetched $521,000, off a reserve of $510,000 and well above the $400,000 median house price for the area. The cyclist then got back on his bike to go home for the deposit, trailed by Mr Fitzpatrick in his BMW. Jas Stephens...

 

Auction clearance rates rebound

The three-bedroom house fetched $521,000, off a reserve of $510,000 and well above the $400,000 median house price for the area. The cyclist then got back on his bike to go home for the deposit, trailed by Mr Fitzpatrick in his BMW. Jas Stephens...

 

Chinese banks push lending

Chinese lenders also played a bigger role in the syndicated loan market than European banks, which have been winding back their presence, figures show. ICBC, China's biggest bank, has more than doubled its market share of the syndicated market from...

 

Chinese banks push lending

Chinese lenders also played a bigger role in the syndicated loan market than European banks, which have been winding back their presence, figures show. ICBC, China's biggest bank, has more than doubled its market share of the syndicated market from...

 

CSL moves on after class action

CSL said last week the settlement would force a $US39 million one-off charge to its fiscal 2014 full-year results, but not move its profit guidance. The Australian Shareholders' Association has recommended CSL shareholders vote in favour of five...

 

Google to scan user reviews

The practice, announced at the weekend by Google, is part of a trend on the internet. Advertisers believe that consumers place enormous value on product endorsements that come from a friend or family member, and growing numbers of web companies are...

 

CSL moves on after class action

CSL said last week the settlement would force a $US39 million one-off charge to its fiscal 2014 full-year results, but not move its profit guidance. The Australian Shareholders' Association has recommended CSL shareholders vote in favour of five...

 
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